NEW on ProMarket:
Does Elon Musk’s Lawsuit Against OpenAI Have Merit?
Two professors of law - Dana Brakman Reiser and @AnupamChander assess the merits and questions raised by Musk’s recent lawsuit against #OpenAI and its CEO, Sam Altman.
https://www.promarket.org/2024/03/25/does-elon-musks-lawsuit-against-openai-have-merit/
NEW on ProMarket:
#ElonMusk recently sued #OpenAI over claims that the company has strayed from its social mission and has instead focused on profit maximization. Roberto Tallarita (Assistant Professor at Harvard Law School) examines how Musk’s lawsuit shows well-intentioned corporate planners how hard it is to commit to an effective and enforceable social purpose and warns policymakers that relying on corporate self-regulation of #AI could be a fatal mistake. https://www.promarket.org/2024/03/16/who-will-enforce-ais-social-purpose/
Elon Musk recently sued OpenAI over claims that the company has strayed from its social mission and has instead focused on profit maximization. Roberto Tallarita examines how Musk’s lawsuit shows well-intentioned corporate planners how hard it is to commit to an effective and enforceable social purpose and warns policymakers that relying on corporate self-regulation of AI could be a fatal mistake.
ProMarket student editor Surya Gowda reviews Jeff Kosseff’s arguments for protecting the free marketplace of ideas despite the harms of misinformation in his new book “Liar in a Crowded Theater: Freedom of Speech in a World of Misinformation.”
Nearly one in five American workers are affected by noncompete agreements, which prevent workers from working for or creating a rival firm. In new research, Axel Gottfries and Gregor Jarosch estimate that the Federal Trade Commission’s proposed noncompete ban could raise wages by 4%.
In his new book, Harvard Professor @jciv discusses the challenges of concentrated financial power and its impact on markets, economies, and society.
Listen to our interview with him on #Capitalisnt: https://www.chicagobooth.edu/review/capitalisnt-when-few-financial-institutions-control-everything#
In new research, Ga-Young Choi and Alex Kim show that tax audits work to deter firm tax avoidance but with unintended costs for investment and employment for the firm and the broader economy.
In new research, Ga-Young Choi and Alex Kim show that tax audits work to deter firm tax avoidance, but with unintended costs for investment and employment for the firm and the broader economy.
Critics of the Federal Trade Commission’s lawsuit last week to block the Kroger-Albertsons merger claim that the agency incorrectly limits the relevant buyer-side market to unionized grocery workers. Steve C. Salop argues that the critics are wrong, and that standard antitrust analysis shows the FTC has it right.
In new research, Monika Leszczyńska explores how consumers’ ideas of morality should inform government agencies and courts as they seek to update and enforce consumer protection laws. The focus is on adapting these laws to address modern business practices in the digital age. These practices involve behavioral manipulation of consumers, resulting in non-monetary damages, such as the invasion of privacy.
A new podcast from Bethany McLean and Luigi Zingales, with me as guest:
In his recent book, "The Problem of Twelve: When a Few Financial Institutions Control Everything," Harvard law professor John Coates sheds light on the secrecy, lack of public accountability, concentrated power, and the disproportionate influence of a select few institutions in our financial system. Coates joins Bethany and Luigi to dissect the potential dangers of this era of financial consolidation and explore possible solutions, including accountability and transparency, to ensure a more equitable economic system. Specifically examining the "Big Four" index funds (Vanguard, State Street, Fidelity, and BlackRock) — that collectively hold more than twenty percent of the votes in S&P 500 companies — and the transformative rise of private equity funds, they discuss the challenges posed by concentrated financial power and its impact on markets, economies, and society at large.
John Coates